Digital currencies and Hayek’s denationalization of money

Private currencies have always played an important role in the history of money. In the United States, for example, it was estimated that 8,000...

Can U.S. regulators do fintech?

In a recent speech, Commissioner Hester Peirce from the U.S. Securities and Exchange Commission (SEC) admonished financial regulators against behaving like “helicopter parents,” treating...

The benefits of secured transactions reform

One of the most promising international commercial developments in recent years has been the increasing adoption, especially by developing countries, of modern secured transactions...

The world’s reserve currency

What is a reserve currency? A reserve currency is a currency that governments hold in their foreign exchange reserves to settle international claims and...

Modern Monetary Theory

In its publication Global Sustainable Development Report 2019, the United Nations includes a section called Governance of Economic Transition. Its official purpose is to...

The Internet of Payments and the future of banking: Crisis and opportunity

Imagine a world where your washing machine can recognize it needs more detergent and orders it for you. Now imagine a world where your...

The top 25 Initial Coin Offering jurisdictions and their comparative regulatory responses

Initial Coin Offerings (ICOs) provide unprecedented liquidity and efficiency for capital formation while minimizing transaction cost. While ICOs have historically allowed primarily crypto start-ups,...

Eastern Caribbean Central Bank launches world’s first central bank-backed digital currency using blockchain technology

On Feb. 21, 2019, history was made at the Easter Caribbean Central Bank headquarters in Basseterre, St. Kitts and Nevis, when a watershed contract...

It will be better

Is productivity growth really slowing down?  There appears to have been a sharp drop in the annual rate of productivity growth in the U.S....

Cryptocurrencies: Beyond fear and hype

This September will mark the tenth anniversary of the last financial crash. In October, another equally longstanding development will celebrate its first decade: Bitcoin,...
Helicopter dropping money

Modern Monetary Theory — a critique

So called Modern Monetary Theory (MMT) has become popular with Green New Dealers because it claims to remove or at least loosen traditional constraints...

Prepare for the rise of cryptocurrencies and blockchain technologies

I recently had the distinct pleasure of being on a panel discussion that revolved around the topic of de-risking of Caribbean banking sectors and...
Image combining bitcoins, world map, somebody working on a laptop.

Get it while you can: Crypto-friendly jurisdictions must move fast

Cryptocurrencies have excited many people for many different reasons. Techno-libertarians aim to free people from fallible politicians and central bankers who distort the economy. Techno-geeks...

Monetary policy at the edge of QE

The world of economic policy, monetary and fiscal, is the realm of fooling ourselves into believing that, when everything else fails, there is a...

Blockchain innovation and fee structure implications for private investment funds

The traditional 2/20 fee structure of private investment funds has come increasingly under pressure in the last ten years. While market factors help explain...
Smart Contract

Crypto transaction dispute resolution

The rapid evolution of anonymous, autonomous, and distributed blockchain-based smart contracting creates friction and enforceability issues with existing legal and jurisdictional principles, calling the...

Facebook’s Libra – a community of 2.4 billion potential customers

Stepping away from right-wing regulatory gatekeepers and left-wing crypto-anarchists, Facebook’s Libra has something for all of us in the middle. Let’s face it, it...

The future of money: How cryptocurrencies with real backing will become the ultimate disruptive...

The world has been plagued by endless fluctuating exchange rates between countries and persistent and highly variable rates of inflation ever since the major...
The letters ICO made up from ones and zeros.

Anguilla announces world’s first blockchain utility token offering registration process

On May 4, 2018, the Anguilla House of Assembly enacted the Anguilla Utility Token Offering Act, which provides for the registration of issuers of...

Giving users control of their personal data

Any social media user knows the drill. Posting, sharing, liking or uploading any personal information to websites these days is now done with some...
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